Archive for September, 2009

Money Laundering charge against Money Exchange International brought by FIU

Tuesday, September 1st, 2009

On December 31, 2008, the Johnson Street home of the Coye family was raided by police. Police discovered more than USD 1 million in cash.

On January 2, 2009, the Financial Intelligence Unit (FIU) charged 4 members of the Coye family with money laundering.

Also, the FUI charged an American, James Gerou, Melonie Coye’s husband. As the money laundering case began processing through the Magistrate’s Court, a total of 8 persons were charged.

In the August 2009, the FIU decided to charge the company, Money Exchange International Limited, with the same alleged breach of the law – the money laundering of USD 1.5 million.